Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in … Recession's official end in the summer of 2009, but because it was slow and the depth of the recession so deep, it took years to … reduce slack in labor markets. But because the slow-and-steady recovery lasted so long, many pre-recession peaks were …

We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …

eliminating unemployment? The primary purpose of this article is to provide empirical evidence on the impact of social spending on … chronic unemployment in the selected organization for economic co-operation and development (OECD) countries. Design … long-term unemployment rate. Then, the auto-regressive distributed lag (ARDL) approach and the error correction models (ECM …